Russia has pulled the plug on plans to stage UEFA’s Euro 2008 soccer championships after failing to secure government guarantees.
The move leaves five likely bids to be submitted to UEFA.
"There are a number of conditions for those who want to stage such a complex tournament. The main one is government guarantees and we don't have that at the moment," said the executive director of the Russian Football Union, Alexander Tukmanov.
"So we have decided not to go ahead with the application."
 |
 |
 |
 |
 |
 |
Request a FREE trial copy of SportBusiness International Magazine today
"Covering all aspects of the business and offering each month valuable insights into specific geographic regions, SportBusiness International is a must-read for anyone working in our industry"
Philippe Blatter, President and CEO, Infront Sports & Media
Request your FREE copy today - simply click here.
